The incidence of depressive symptoms in children has been increasing. It has been demonstrated that these symptoms have negative effects in the learning process. In line with that, the present study has the objective to evaluate the relationship between depressive symptoms, learning strategies and students' academic achievement. The sample was composed of 169 students of 3rd, 4th and 5th grades, and from both sexes of a public school in the city of Campinas. Age range varied from 8 to15, and the majority of the students had not repeated a school grade level. Results suggested significant differences between depressive symptoms and mathematics achievement, as well as between learning strategies and school achievement. A significant and negative correlation was found between participants' depressive symptoms and their learning strategies repertoire.